Best Car Insurance Rates Tutorial Best Ways to Save Money

When it comes to getting the best car insurance rates, you should know that you will pay a different amount for a sports car than for a minivan. Auto insurance rates are based on several factors, including class of vehicle, speed and odds of being stolen along with many other specific factors.

Before you make a decision about purchasing insurance, find out how your vehicle is classified and use the following tutorial to create your own strategies to save money.

Basic Auto Insurance Policies

You have three basic auto insurance options: liability, collision, and comprehensive. Some of the coverage offered with each option overlaps. Together, these three types of coverage pertain to the motorist, the insured vehicle and any vehicle-related property damage.

1. Liability provides the coverage you need to legally drive. This type of coverage is designed to protect you from any legal liability or responsibility as a result of an accident you caused. Liability coverage includes property damages, lost wages, medical expenses and other fees pertaining to any injured parties. When you are looking for the best car insurance rates, also ensure you are adequately covered.

2. Collision covers repairs to your insured vehicle in an accident in which you are at fault.
Collision coverage also includes property damage, any damage to your vehicle from an accident involving collision with other objects and any repairs or replacement of parts. This coverage includes funds to replace a totaled vehicle.

3. Comprehensive provides funds to repair or replace your insured vehicle if it is damaged as a result of a natural disaster or fire. This coverage also covers your vehicle if it is stolen or vandalized. Keeping your car adequately covered could be one of the best ways to save money if one of these things ever happen to you with a more expensive car.

Terms and Conditions

Every policy has different terms and conditions. It is important to learn the terms and conditions specific to your policy to get the best car insurance rates and coverage. The last thing you want to is to end up in an accident and discover you do not have the insurance coverage you thought you had.

Do an online search for your type of policy to compare what similar ones offer. This is a good way to make sure you are getting the best possible policy at the best price. Avoid the temptation to go with the cheapest plan. Sometimes the least expensive insurance policy does not provide the best coverage at what you think are the best car insurance rates.

Special Features

If you have an unusual vehicle that does not easily fit into any specific category, consider what is termed a Special Agreement for Exceptional Situations. Some insurance companies may require you to demonstrate that your vehicle is appropriate for legal use on the road. Some examples include:

An imported collector's car

An antique automobile

A car constructed from a kit

A vehicle with an expensive paint job

A vehicle that has been modified, custom made or altered

Online Estimates

Most insurance companies are online. Strategies to save money include getting multiple quotes for free by performing a simple Internet search. Since the auto insurance industry is very competitive, you are likely to find many discounts you may not have been offered directly in person.

Remember, there is no obligation to purchase anything when you are just getting quotes. This is the time to ask questions and get as many estimates as possible so you will obtain the best car insurance rates as possible.

Finding a Deal

Insurance brokers and direct car insurance suppliers also offer online quotes. Armed with your quotes, you may even be able to get a lower quote from another company than what was initially presented. Most insurance companies are willing to negotiate to get your business. The biggest bargaining chip you have is to be a well-informed consumer with quotes ready for comparison.

Do not accept the first auto insurance offer. Take your time to compare quotes and you just might be surprised at the deal you will get.

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Author Sandy Landsford is an accountant and blogs for carinsurance.org.uk, a site where you can get cheap auto insurance rates. Get a quote for the best car insurance rates today as one of the best ways to save money!